Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Lundy House, 2 bed homes


Drake Way, Reading, Slough, RG2 0GQ

Shared ownership

Starting prices

50% share from
£125,000
Full price
£250,000
Monthly rent
£332
Monthly service charge
£105

Overview

Two bedroom second floor flat located in Reading, Berkshire. The accommodation comprises one master bedroom with wardrobe, second bedroom, kitchen, living room with Doors to the balcony, bathroom with 3 piece suite with mixer shower over bath and hallway. Also includes 1 allocated parking space in the car park and Development grounds. Gas fired boiler.
 

Full Description

Available for £125,000 for 50% share based on the marketing figure of £250,000

SO Resi Monthly Payment - £332.15
Monthly Service Charge - £105.38
Total Monthly Charge - £437.53 PLUS MORTGAGE REQUIRED FOR 50% SHARE

Property Details

Hallway:

Kitchen:
2.3m x 2.96m

Living room:
Balcony
2.74m x 4.95m recess 2.19m x 1.15m

Bathroom:
3 piece suite with shower over bath

Bedroom 1:
Wardrobe
2.53m x 4.2m

Bedroom 2:
3m x 2.36m

External:
Development grounds
1 allocated parking space in the car park

EPC Rating

Energy Rating Band - B
Environmental Impact Band - B

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Local area information

Within Kennett Island with good access to amenities in Reading and transport links.


Housing Provider

SO Resi
Shared ownership

Starting prices

50% share from
£125,000
Full price
£250,000
Monthly rent
£332
Monthly service charge
£105